Public Sector Pension Investment Board Raises Stake in SunCoke Energy, Inc. $SXC

Public Sector Pension Investment Board increased its stake in SunCoke Energy, Inc. (NYSE:SXC) by 76.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 369,636 shares of the energy company’s stock after buying an additional 160,174 shares during the quarter. Public Sector Pension Investment Board’s holdings in SunCoke Energy were worth $3,401,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Walleye Capital LLC boosted its holdings in shares of SunCoke Energy by 8.4% in the 4th quarter. Walleye Capital LLC now owns 17,268 shares of the energy company’s stock worth $185,000 after buying an additional 1,332 shares during the last quarter. State of Wyoming boosted its holdings in shares of SunCoke Energy by 5.0% in the 4th quarter. State of Wyoming now owns 30,608 shares of the energy company’s stock worth $328,000 after buying an additional 1,452 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of SunCoke Energy by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,680 shares of the energy company’s stock worth $510,000 after buying an additional 1,664 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of SunCoke Energy by 61.6% in the 1st quarter. Versant Capital Management Inc now owns 4,416 shares of the energy company’s stock worth $41,000 after buying an additional 1,683 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of SunCoke Energy by 3.0% in the 4th quarter. Bank of Montreal Can now owns 58,050 shares of the energy company’s stock worth $621,000 after buying an additional 1,709 shares during the last quarter. 90.45% of the stock is owned by hedge funds and other institutional investors.

SunCoke Energy Price Performance

Shares of NYSE:SXC opened at $7.58 on Tuesday. The company’s 50-day moving average is $8.17 and its 200 day moving average is $8.74. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.45 and a current ratio of 2.61. The company has a market capitalization of $641.77 million, a P/E ratio of 8.81 and a beta of 1.10. SunCoke Energy, Inc. has a fifty-two week low of $7.18 and a fifty-two week high of $12.82.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings data on Wednesday, July 30th. The energy company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.13). The business had revenue of $434.10 million for the quarter, compared to analysts’ expectations of $348.05 million. SunCoke Energy had a net margin of 3.99% and a return on equity of 10.43%. SunCoke Energy’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. On average, equities research analysts forecast that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.48 annualized dividend and a yield of 6.3%. SunCoke Energy’s dividend payout ratio is 55.81%.

SunCoke Energy Company Profile

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.